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Level Group


370 Lexington Avenue, 24th Floor
New York, NY 10017

Phone 212.994.9965
Fax 212.994.9967
Email info@levelgroup.com
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In The Press

 
The Do's and Don'ts of Buying Vacant Land

U.S. News

by Devon Thorsby
Feb 8, 2017

The Do's and Don'ts of Buying Vacant Land

Buying a home can be complicated, but purchasing land to build on is a whole new

The Do's and Don'ts of Buying Vacant Land Buying a home can be complicated, but purchasing land to build on is a whole new ball game. Finding your dream home isn’t easy. You'll spend a lot of time to scouring online listings, attending open houses and scoping out neighborhoods – and you may still come up empty-handed. Maybe your dream home just doesn’t exist yet. In this case, building a home on a vacant piece of land may be the perfect option. But before you get serious about laying a foundation, be aware that a land purchase may yield more surprises than buying a home – from easements and zoning restrictions to environmental conditions that could easily turn your dream build into a headache the size of a McMansion. Whether you’re buying ...
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NYC's resi deal killers

The Real Deal

by E.B. Solomont
Feb 1, 2017

NYC's resi deal killers

From indecisiveness to mortgage contingencies, the factors ruining some of today

NYC's resi deal killers From indecisiveness to mortgage contingencies, the factors ruining some of today’s residential transactions February 01, 2017 By E.B. Solomont Mortgage contingencies. Cold feet. Better offers. Politics. In today’s softer market, there are any number of factors that can derail a sale, according to brokers. And both buyers and sellers are increasingly feeling emboldened to walk away at any point in the process — or to hold off on making a move at all — if something doesn’t feel right. Douglas Wagner, director of brokerage services at Bond New York, said the lack of urgency has dragged deals on for longer, making it harder to close a transaction. “Time kills deals,” he said, noting that some buyers are ...
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Moral Compass: Brokerages speak out (or stay silent) in wake of Trump’s travel ban

The Real Deal

by E.B. Solomont
Jan 31, 2017

Moral Compass: Brokerages speak out (or stay silent) in wake of Trump’s travel ban

Moral Compass: Brokerages speak out (or stay silent) in wake of Trump’s travel ban “This country will not remain a global superpower if we close our doors.” January 31, 2017 09:00AM By E.B. Solomont Robert Reffkin and protesting in Battery Park City (Credit: Getty Images) President Donald Trump’s ban on citizens of seven Muslim-majority nations earned him the condemnation of several titans of industry from the technology, finance and consumer-goods sectors. Largely absent from the conversation: the real estate industry, whose leaders Trump counts among his most zealous backers. A few prominent players in the residential space, however, are making their displeasure with Trump’s policy clear. In a letter to agents and staff, Robert Reffkin, ...
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Getting Ready to Sell:

Hotel Business Review

by Jan Kalanda
Jan 28, 2017

Getting Ready to Sell:

Eight Steps to Increasing Your Hotel's Value

Mr. Kalanda Development & Construction Getting Ready to Sell: Eight Steps to Increasing Your Hotel's Value By Jan Kalanda, Co-Founder, Morgansheer Hospitality To make a sale of you hotel happen at a good price you need to be sure you've optimized the property's value before putting it on the market. We at Morgansheer Hospitality at Level Group have identified eight areas that, correctly addressed, should position your property to attract a good offer. Review Your Management Company's Performance If you have retained a management company, review their performance to insure they are performing at the level needed to and grow revenues and occupancy rates. An effective management company is involved day to day in operations. They should be able to answer ...
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How to Define Luxury Real Estate in Today's Market

U.S. News

by Devon Thorsby
Jan 14, 2017

How to Define Luxury Real Estate in Today's Market

Tips on identifying high-end properties in a world where the term "luxury" has b

How to Define Luxury Real Estate in Today's Market Tips on identifying high-end properties in a world where the term "luxury" has become cliche. (Getty Images) By Devon Thorsby If you say a word enough times, it starts to lose its meaning. And in real estate, where the right description can draw buyers to a home on the market, using the right terms is crucial. So when half the homes on the market are suddenly marketed as “luxury,” the definition of the word starts to melt away. “It’s entirely overused,” says Michelle Farber Ross, real estate broker and managing partner of MMD Realty in Fort Lauderdale, Florida. Luxury real estate is defined differently across different markets, as property values, ...
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Level Group holiday party benefits Bowery Mission

Real Estate Weekly

Dec 23, 2016

Level Group holiday party benefits Bowery Mission

IN PICTURES: LEVEL GROUP HOLIDAY PARTY BENEFITS BOWERY MISSION BROKERS WEEKLY IN PICTURES: Level Group holiday party benefits Bowery Mission BY REW • DECEMBER 23, 2016 Level Group hosted its annual holiday party to benefit and honor the historic Bowery Mission. Guests were asked to bring new and unused cold weather clothing as a donation to the organization, which provides food, shelter, clothing, medical services, employment assistance and residential recovery programs to NYC’s working poor and homeless citizens. Level Group’s relationship with The Bowery Mission is ongoing, and has included real estate agents volunteering with the organization; providing pro bono legal services; and donating its $70,000 commission ...
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City’s big-hearted brokers celebrate the season of giving

Real Estate Weekly

by HOLLY DUTTON
Dec 23, 2016

City’s big-hearted brokers celebrate the season of giving

CITY’S BIG-HEARTED BROKERS CELEBRATE THE SEASON OF GIVING BROKERS WEEKLY City’s big-hearted brokers celebrate the season of giving BY HOLLY DUTTON • DECEMBER 23, 2016 As the end of 2016 nears, a year that has been tumultuous in the wake of a polarizing presidential election, devastating overseas conflicts, and celebrity deaths, residential brokers are choosing to give back during the holiday season. Real estate firm Level Group incorporated charitable giving into their holiday party, asking attendees to bring coats and outerwear to donate to the Bowery Mission, a nonprofit that helps the homeless and disadvantaged in New York City. Level Group first became involved with the Bowery Mission when they helped ...
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17 Predictions for NYC's Residential Real Estate in 2017

DNA Info

by Amy Zimmer
Dec 20, 2016

17 Predictions for NYC's Residential Real Estate in 2017

ASTORIA & LONG ISLAND CITY Real Estate 17 Predictions for NYC's Residential Real Estate in 2017 By Amy Zimmer | December 20, 2016 3:03pm @the_zim A kitchen at 443 Greenwich. Adrian Gaut and courtesy MetroLoft. MANHATTAN — As the year wraps up, one thing hasn't changed in the city's real estate market: affordability still eludes many New Yorkers. The average sale price for an apartment in Manhattan, including co-ops and condos, surpassed $2 million for the first time ever, according to City Realty, which predicts that 2017 will see average prices for condos drop for the first time in more than 5 years. But that's little consolation given that 2016’s average Manhattan apartment ...
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Mentoring for Improved Performance, Engagement and Retention

CEO Magazine

by Michael Barbolla
Dec 3, 2016

Mentoring for Improved Performance, Engagement and Retention

Mentoring for Improved Performance, Engagement and Retention Guest Blogger | Management | Sat, 12/03/2016 - 00:51 Michael Barbolla, COO, Level Group When I started in the real estate industry 15 years ago, my manager paired me with a more experienced broker who worked closely with me for several months. This high achiever had detailed information on the real estate industry and gave me the “low down” on how to negotiate. I was exposed on a daily basis to what success in my field looked like. That was invaluable and I’ve never forgotten how pivotal it was to my career. As it happens, my experience parallels the experience of many others. There’s a large body of business and academic research confirming the ...
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Level Group Will Collect and Donate Cold Weather Items for The Bowery Mission During Its Annual Holi

CityBizList

Nov 28, 2016

Level Group Will Collect and Donate Cold Weather Items for The Bowery Mission During Its Annual Holi

Level Group Will Collect and Donate Cold Weather Items for The Bowery Mission During Its Annual Holiday Party 11/28/16 Level Group, an innovative, full-service commercial and residential real estate brokerage company that introduced the 100% commission model to New York City, today announced that its annual, invitation-only December 8th holiday party will benefit the historic Bowery Mission, the 137 year old, award-winning non-profit that provides food, shelter, clothing, medical services, employment assistance and residential recovery programs to New York City’s working poor and homeless citizens. “We are asking guests to bring new and unused cold weather clothing, such as gloves, hats and scarves, and we’ll donate the items to The Bowery Mission,” ...
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Here's How a Trump Presidency Could Affect the City's Real Estate Market

DNA Info

by Amy Zimmer
Nov 15, 2016

Here's How a Trump Presidency Could Affect the City's Real Estate Market

Here's How a Trump Presidency Could Affect the City's Real Estate Market By Amy Zimmer | November 15, 2016 4:43pm @the_zim TwitterFacebookEmailMore A view of Manhattan's east side, with the copper-tinted Trump World Tower a few blocks north of the United Nations. DNAInfo/Amy Zimmer MANHATTAN — A New York City developer will soon be in the Oval Office. From his glass perch in Trump Tower, at Fifth Avenue and 56th Street, to other buildings like Trump SoHo on Spring Street and Trump World Tower near the United Nations, President-elect Donald Trump’s signature is stamped across the city skyline. His son-in-law, Jared Kushner, who is reportedly playing a significant role on his transition ...
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Opinion split on election’s real estate impact

Real Estate Weekly

by HOLLY DUTTON
Nov 11, 2016

Opinion split on election’s real estate impact

BROKERS WEEKLY Opinion split on election’s real estate impact BY HOLLY DUTTON • NOVEMBER 11, 2016 HOLLY DUTTON 1 LIKES 0 COMMENTS PRINT TAGS CHARLES BENDITDONALD TRUMPELECTIONJONATHAN MILLERKEVIN HOOLARRY LINKLESLIE HIMMELSETH PINSKYVICTORIA SHTAINER Two days after Donald Trump beat Hillary Clinton to the presidency in an unexpected upset, the Real Estate Board of New York hosted a panel luncheon in the grand ballroom of the midtown Hilton Hotel, the very same spot from which Trump gave his victory speech on election night. The theme of the panel was new opportunities and challenges in the real estate market, but inevitably, the conversation soon turned to the presidential election. “I guess ...
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Terrified to Buy a Home? Your Top Fears Debunked

realtor.com

by Margaret Heidenry
Oct 25, 2016

Terrified to Buy a Home? Your Top Fears Debunked

Terrified to Buy a Home? Your Top Fears Debunked By Margaret Heidenry | Oct 25, 2016 DeanDrobot/iStock You wake up in a cold sweat. There’s something lurking in the dark, visible by flickering computer light. Something’s haunting you. It’s… the real estate listings! Deep down, you’d love to own a home, but whenever you take steps beyond idle window-shopping, a chill runs up your spine, and paralyzes you from moving ahead. We get it—you’re about to make a life-changing purchase, and you’re spooked. The main thing that home buying has in common with horror flicks: The fears are (mostly) mere figments of your imagination. So in case you’re harboring some heebie-jeebies, here are some of home buyers’ top concerns—tackled ...
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Level Group Commercial Announces October Spotlight Series: “Inside Information”

CityBizList

Oct 24, 2016

Level Group Commercial Announces October Spotlight Series: “Inside Information”

Distinguished NYC CRE Professionals Will Headline October 26th Panel Discussion

Level Group Commercial Announces October Spotlight Series: “Inside Information” Distinguished NYC CRE Professionals Will Headline October 26th Panel Discussion Level Group, an innovative, full-service commercial and residential real estate brokerage company that introduced the 100% commission model in New York City, today announced that registration is open for its invitation-only event, the Level Group Commercial Spotlight Series: Inside Information. The symposium, which will start with a networking breakfast, will be held at the Wells Fargo Conference Center, 150 East 42nd on October 26 from 9AM – 12:00PM. Linda O’Flanagan, the managing editor of Real Estate Weekly, is the moderator. Panelists are among New York’s most notable authorities on commercial ...
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HAVE YOU HEARD? Level Group has Inside Information;

Real Estate Weekly

Oct 21, 2016

HAVE YOU HEARD? Level Group has Inside Information;

The beat goes on at City Connections

BROKERS WEEKLY HAVE YOU HEARD? Level Group has Inside Information; The beat goes on at City Connections BY REW • OCTOBER 21, 2016 The Level Group has gathered a group of power players to dish some “Inside Information,? at a commercial real estate symposium later this month. LARRY LINK Brittany Bragg, COO, at Crown Acquisitions; Bill Scully, managing director, Asia Pacific Land; Jon Simon, founder/CEO, Simon Baron Development; Joseph “JJ? Sollazzo, economist, CoStar Group; and Michael Greenberg, CEO/general counsel, Level Group will take part in a panel discussion moderated by Real Estate Weekly managing editor, ...
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Level Group Creates In-House Hospitality Team With Industry Veterans

CityBizList

by RAYNA KATZ
Oct 19, 2016

Level Group Creates In-House Hospitality Team With Industry Veterans

NEW YORK CITY—The real estate brokerage firm has tapped two industry veterans to

Level Group Launches Hospitality Industry Team NEW YORK CITY—The real estate brokerage firm has tapped two industry veterans to helm the department. Level Group, an innovative, full-service commercial and residential real estate brokerage company that introduced the 100% commission model in New York City, today announced the creation of an in-house hospitality team, Morgensheer Hospitality at Level Group. Backed by Level Group’s commercial brokerage resources and headed up by hospitality industry veterans, Trica Jean-Baptiste and Jan Kalanda, Morgensheer Hospitality at Level Group will be uniquely positioned to address the full scope of the hospitality industry’s real estate needs. “Recent market trends, including the over-developed New York City hotel market, ...
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Distressed Condos: Great Buys or Sucker Bets?

The Street

by Robert McGarvey
Oct 10, 2016

Distressed Condos: Great Buys or Sucker Bets?

The housing meltdown has caught up with many condo complexes. Will they turn aro

Distressed Condos: Great Buys or Sucker Bets? The housing meltdown has caught up with many condo complexes. Will they turn around or go under? Robert McGarvey Across the country, there are literally millions of distressed condos with seriously reduced selling prices but before buying know this: you are climbing into deep waters with lots of sharks. Can a distressed condo be a good deal? You bet. Said Arthur Cantor, with William Raveis Real Estate in Chestnut Hill, Mass. "Many properties that are in crisis and distress are often a good investment," he said. "However, properties in crisis can also be a money pit, a bad investment and not worth the trouble." Understand this: we are not talking about a neglected condo unit. What we are talking ...
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Level Group Kicks Off Fall Level Learning Series

CityBizList

Sep 28, 2016

Level Group Kicks Off Fall Level Learning Series

Presentations Provide Ongoing Performance Improvement Tips for Agents

Level Group Kicks Off Fall Level Learning Series 9/28/16 Presentations Provide Ongoing Performance Improvement Tips for Agents Level Group, an innovative, full-service commercial and residential real estate brokerage company that introduced the 100% commission model in New York City, kicked off its Level Learning Series on September 15 with a presentation by Rochelle Lisner, president of Dynamic Business Growth. Level Group’s Level Learning Series is a free, ongoing learning program for on-board Level Group agents and reflects the firm’s longstanding commitment to agent development. Chief Operating Officer Michael Barbolla has accelerated and focused the learning series to further assist the firm’s brokers in taking their performance ...
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IN PICTURES: Level Group summer soiree

Real Estate Weekly

Sep 24, 2016

IN PICTURES: Level Group summer soiree

Level Group summer rooftop soiree

HOME BROKERS WEEKLY PHOTO GALLERY IN PICTURES: LEVEL GROUP SUMMER SOIREE ...
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For luxury apartment buildings, bike rooms become a must-have amenity

Market Watch

by Lambeth Hochwald
Sep 16, 2016

For luxury apartment buildings, bike rooms become a must-have amenity

Properties now offer storage, maintenance and more

For luxury apartment buildings, bike rooms become a must-have amenity Properties now offer storage, maintenance and more By Lambeth Hochwald JOE PERETORE The “Bike Vault” at the Brooklyn-Roosevelt, a bank-to-rental conversion in Brooklyn. Once upon a time, bike rooms were relegated to low-lit corners of high-rise basements and were largely considered an afterthought. However, with the rise of urban bike enthusiasts, all that has changed…even in the luxury sector. Take YOO on the Park, a 25-story luxury rental property in Atlanta, with 245 residences rising above Piedmont Park, which begins leasing this fall. Developer Trillist carved out space for Bike City?, a bicycle storage area with potential for 50 spaces, equipped with security cameras, secure access, ...
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Live next to Harper Lee’s NYC hideout for $2,650 a month

New York Post

by Zachary Kussin
Aug 30, 2016

Live next to Harper Lee’s NYC hideout for $2,650 a month

REAL ESTATE Live next to Harper Lee’s NYC hideout for $2,650 a month By Zachary Kussin August 30, 2016 | 3:55pm Modal Trigger Harper LeePhoto: AP Photo Here’s a listing you can write home about. A one-bedroom apartment in Manhattan’s Yorkville neighborhood — most of all, a unit located directly next to the former lair of late reclusive author Harper Lee — has hit the market, asking $2,650 per month, The Post has learned. The Alabama-born author of “To Kill a Mockingbird” and “Go Set a Watchman” kept apartment 1E in the building, located at 433 E. 82nd St., near York Avenue, for 40 years, as The Post reported shortly after her death in February. Lee, who died in her sleep at an assisted-living ...
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The Brooklyn Roosevelt adds luxury living to Bed-Stuy

PIX11

Aug 27, 2016

The Brooklyn Roosevelt adds luxury living to Bed-Stuy

The Brooklyn Roosevelt adds luxury living to Bed-Stuy BEDFORD-STUYVESANT, Brooklyn – A historic bank is getting a facelift and adding some luxury living to Brooklyn. The Brooklyn-Roosevelt is the first bank-to-rentals conversion in the borough. Now, the home to more than 50 residents, it even has room for expansion. The boutique rental has a number of amenities including a co-working space, on-site café, movie theatre, and bike storage. Applications are being accepted through the end of August. For more information log onto: http://www.levelgroup.com/.
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5 Financial Downfalls of Buying a Starter Home

U.S. News & World Report

by Geoff Williams
Jul 29, 2016

5 Financial Downfalls of Buying a Starter Home

Don't let a starter home finish you off

Money 5 Financial Downfalls of Buying a Starter Home Don't let a starter home finish you off. By Geoff Williams | Contributor July 29, 2016, at 3:52 p.m. Buying a starter home isn't for everyone. (GETTY IMAGES) The traditional way of buying a house has always been to purchase a starter home – buy something small, and once your family gets too big for it, sell it and find a new, bigger house. It's a perfectly good plan, assuming everything goes to plan. But because a house involves so many financial factors, there's no guarantee that everything will work out as you'd hoped. So before you purchase a starter home, keep these tips in mind. Look for the loan, then the house. When you look for a house before looking for a loan, ...
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Level Group Announces Unprecedented Broker Growth Under COO Michael Barbolla

PRLOG

Jul 21, 2016

Level Group Announces Unprecedented Broker Growth Under COO Michael Barbolla

Recruitment Success Aided by New Programs, Emphasis on Broker Education/Training

Level Group Announces Unprecedented Broker Growth Under COO Michael Barbolla Recruitment Success Aided by New Programs, Emphasis on Broker Education/Training Level Group COO, Michael Barbolla Spread the Word Listed Under Tag: • Business Real Estate Industry: • Real Estate Location: • New York City - New York- US NEW YORK - July 21, 2016 - PRLog -- Since Michael Barbolla joined Level Group in August, 2015 as its chief operating officer (COO), the New York City full-service residential and commercial real estate brokerage firm has undergone an unprecedented level of agent growth, Michael Greenberg, Level's CEO/General Counsel, today announced. "Under Michael, we have increased the number of agents ...
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The Demand Rises on Summer Rentals

CRAIN'S

Jun 19, 2016

The Demand Rises on Summer Rentals

The Demand Rises on Summer Rentals With college interns descending on the city for summer jobs, Millie Wang, a real estate broker at Level Group in Manhattan has been busy finding rentals for them since winter. Often, students accept early offers from big investment banks and hedge funds, and to a lesser extent from media companies, the autumn before they arrive, and so some already book places to stay in January and February. “They know how hard it is to find a summer rental,” said Wang. Those who wait until the last minute are left scrambling. Renting a furnished one-bedroom in Manhattan often costs $5,000 a month, said Wang, leading many to share their digs with a roommate or two. Tough as it may be to find affordable space, few consider living and commuting from farther ...
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Cash Is Increasingly King When It Comes to Buying New York City Apartments

CRAIN'S

Jun 19, 2016

Cash Is Increasingly King When It Comes to Buying New York City Apartments

Cash Is Increasingly King When It Comes to Buying New York City Apartments When showing an apartment at 585 Park Ave. in Manhattan recently, Vickey Barron, a licensed associate real estate broker for Douglas Elliman, mentioned the building only allows buyers to finance 30% of the purchase. “We’re paying cash, so it doesn’t matter,” the buyer told her. Many New York City brokers are having similar conversations with their clients. The percentage of condo sales in Manhattan that were all-cash in in April 2015 was 55%, according to appraisal firm Miller Samuels. There are many reasons buyers prefer to pay cash for New York City real estate. The main one is to get an edge on competitors who are bidding on the same proprieties, say brokers. “It’s ...
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Women and Minorities Lag Behind in Homebuying Rates

Main St.

by Ellen Chang
Jun 4, 2016

Women and Minorities Lag Behind in Homebuying Rates

Women and Minorities Lag Behind in Homebuying Rates Ellen Chang Follow Jun 1, 2016 5:37 PM EDT ADVERTISEMENT Minorities and women are still lagging behind their counterparts on purchasing homes compared to Caucasians and men, according to a Trulia report. The study by Trulia, a San Francisco-based real estate website, found that even when women and minorities are earning the same income as white men, their levels of homeownership have still not caught up. Compared to Caucasians, black Americans remain 56.9% less likely to own a home, especially in the Northeast and Midwest. Blacks have larger homeownership rates in California, Florida and Texas. The Hispanic population fared ...
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WHAT’S ON THE INSIDE COUNTS AS DEVELOPERS PUSH THE LIMITS ON LAVISH AMENITIES

Real Estate Weekly

by HOLLY DUTTON
May 27, 2016

WHAT’S ON THE INSIDE COUNTS AS DEVELOPERS PUSH THE LIMITS ON LAVISH AMENITIES

HOME BROKERS WEEKLY WHAT’S ON THE INSIDE COUNTS AS DEVELOPERS PUSH THE LIMITS ON LAVISH AMENITIES BROKERS WEEKLY What’s on the inside counts as developers push the limits on lavish amenities BY HOLLY DUTTON • MAY 27, 2016 HOLLY DUTTON 0 LIKES 0 COMMENTS PRINT TAGS 111 MURRAYAMENITIESCITI HABITATSJDS DEVELOPMENT GROUPLEVEL GROUPLUXURYNYCREAL ESTATEWITKOFF GROUP At the top of New York City’s luxury residential market, developers are getting more and more creative about the amenities included in their pricey buildings, but do buyers really care? For the Witkoff Group, they have no doubt. The developer’s new condo building in the Financial District, 111 ...
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First-time home buyers face a complex and ever-changing market: Here's a guide

USA Today

by Ramon Padilla, Frank Pompa, Berna Elibuyuk, Charis
May 24, 2016

First-time home buyers face a complex and ever-changing market: Here's a guide

INFORMATION AND INNOVATIONS YOU NEED TO KNOW ABOUT BEFORE PURCHASING A HOME

Chapter One WHEN JUMPING INTO THE HOUSING GAME IT'S IMPORTANT THAT YOU KNOW YOUR HOME-BUYING ABC'S PMI. HOA. APR. — Those are just some of the acronyms you'll come across when navigating the home buying process. Check out this handy video to demystify some of the terms you'll come across as you search for and figure out how to pay for your home: De Souza, president of Cressy & Everett Real Estate. "We have fewer visits where it is not a match," De Souza said of Matterport's technology. Indeed, unlike photographs, which can be deceiving, 3D walk-throughs give shoppers a true sense of a room's dimensions and lets them see every corner of a house, including the hallways and closets. And unlike virtual reality technology, ...
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What to know when buying your first home

USA Today

by Charisse Jones
May 19, 2016

What to know when buying your first home

What to know when buying your first home: Charisse Jones, USA TODAY7:32 p.m. EDT May 19, 2016 (Photo: Feverpitched, Getty Images/iStockphoto) 44CONNECTTWEET 14LINKEDIN 1COMMENTEMAILMORE With interest rates hovering near record lows, now could be a dream time to buy your dream home. But if you're just starting out professionally or juggling student debt, the home buying process may be daunting. Here are some tips to ease your path to home ownership. Know your numbers. Take a look at your credit score. You can go to AnnualCreditReport.com to get a complimentary credit report from each of the three largest credit reporting bureaus. You can also take a look at your TransUnion credit report, for free, at My.CreditCards.com. Facebook ...
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NEW SUBWAY LINE ALREADY IMPACTING HOME PRICES ALONG SECOND AVENUE

Real Estate Weekly

by HOLLY DUTTON
May 13, 2016

NEW SUBWAY LINE ALREADY IMPACTING HOME PRICES ALONG SECOND AVENUE

NEW SUBWAY LINE ALREADY IMPACTING HOME PRICES ALONG SECOND AVENUE BROKERS WEEKLY New subway line already impacting home prices along Second Avenue BY HOLLY DUTTON • MAY 13, 2016 HOLLY DUTTON 0 LIKES 0 COMMENTS PRINT TAGS NYCREAL ESTATERESIDENTIAL REAL ESTATESECOND AVENUESUBWAYUPPER EAST SIDE The Second Avenue Subway line, long derided as fantasy by New Yorkers who had seen plans for construction stall and linger for decades, finally has an end date in sight — and it’s poised to shake things up for the Upper East Side. Areas of the neighborhood became affordable again in the past few years, as more and more people left for sought-after enclaves further downtown and in Brooklyn and Queens. Perhaps ...
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Bike Vault and Movie Theater Offered at Rentals in Former Bed-Stuy Bank

DNAinfo

by Camille Bautista
May 11, 2016

Bike Vault and Movie Theater Offered at Rentals in Former Bed-Stuy Bank

BEDFORD-STUYVESANT Real Estate Bike Vault and Movie Theater Offered at Rentals in Former Bed-Stuy Bank By Camille Bautista | May 11, 2016 5:32pm | Updated on May 13, 2016 7:38pm @CamBautista TwitterFacebookEmailMore The former bank at 1024 Gates Ave. was converted into apartments, with a bike vault and gym in the basement. Joe Peretore/Level Group BEDFORD-STUYVESANT — You can bank on secure storage for your wheels at a new apartment building on Gates Avenue. A former high-ceilinged, one-story bank near the border of Bedford-Stuyvesant and Bushwick that was converted into apartments is offering amenities that include bike storage in the bank’s master vault, a café and a movie ...
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Test Driving Homes - Try Before You Buy

CBSNewYork

by Emily Smith
May 9, 2016

Test Driving Homes - Try Before You Buy

New Program Allows Potential Home Buyers To Stay At Properties Before Purchasing

Seen At 11: New Program Allows Potential Home Buyers To Stay At Properties Before Purchasing 2 NEW YORK (CBSNewYork)– Buying a home is one of the most expensive and stressful purchases you can make. But a new program lets new home hopefuls test-drive a property by living there before committing. A $4.2 million townhouse dating from 1910 sits on a beautiful tree-lined street in Manhattan. That’s a lot of money, but realtor David Forte of the Level Group told CBS2’s Emily Smith he has a new sales tool in his arsenal, allowing potential buyers to try the house before they buy it. “You spend more time trying on a pair of shoes than you do trying on a home which you’re going to spend, you know, seven figures for,” ...
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YOUNG BROKERS CRAFTING PERSONAL BRANDS IN SOCIAL MEDIA

Real Estate Weekly

by CHRISTIAN BRAZIL BAUTISTA
Apr 22, 2016

YOUNG BROKERS CRAFTING PERSONAL BRANDS IN SOCIAL MEDIA

BROKERS WEEKLY Young brokers crafting personal brands in social media BY CHRISTIAN BRAZIL BAUTISTA • APRIL 22, 2016 CHRISTIAN BRAZIL BAUTISTA For young brokers, the real estate trade has migrated to social media, and it goes beyond selfies a nd funny memes. VJ Jose, a broker from Mountainside Realty, is currently grappling with “personal branding” issues, something that he believes can only be remedied by a strong presence on social media platforms. “I definitely want to stand out amongst the millennials. I think the best way to do that is social media, utilizing Facebook, Instagram, Periscope, Snapchat. To stand out with millennials, you need to do stuff like that,” he said. All ...
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BLACKS IN BUSINESS DOING BIG THINGS: 10 OF OUR MOST SUCCESSFUL CEOS AND ENTEPRENEURS

MADAMENOIRE

by Nicole Akoukou Thompson
Apr 9, 2016

BLACKS IN BUSINESS DOING BIG THINGS: 10 OF OUR MOST SUCCESSFUL CEOS AND ENTEPRENEURS

MADAMENOIRE BLACKS IN BUSINESS DOING BIG THINGS: 10 OF OUR MOST SUCCESSFUL CEOS AND ENTEPRENEURS September 20, 2013 ? By Nicole Akoukou Thompson JENNEFER WITTER, THE BORELAND GROUP INC. Witter is the President of the boutique PR firm, The Boreland Group, located in NYC. She is an industry veteran with 28-years of experience under her belt, using that expert knowledge on behalf of her clients, meeting their changing needs. The former Ketchum VP once helped to manage public profiles of FedEx, IBM Microelectronics, PMC Sierra, JP Morgan Chase, and AC Nielsen; and she initiated a corporate technology sub-practice which generated a million dollars in revenue its first year.
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The return of the domestic buyer

The Real Deal

by E.B. Solomont
Mar 1, 2016

The return of the domestic buyer

March 2016 Print The return of the domestic buyer U.S. buyers ‘sense an opening’ as foreigners pull back in midst of global turmoil March 01, 2016 By E.B. Solomont Merav Shalhon and Jeff Schleider Shortly after headlines proclaimed Manhattan real estate was feeling a “Russian chill” in early 2014, Chinese cash flooded the New York City market. The trend was so pronounced that 2015 was declared the “Year of the Chinese Investor” in these pages. Now, amid global economic turmoil, the residential market here is leaning on the good old domestic buyer to prop up sales. Despite the eye-popping purchases of foreign buyers in recent years — many of whom invested in New York because it’s considered a safe ...
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Houses Near Trader Joe’s or Whole Foods Reap Better Property Value Returns

The Street

by Ellen Chang
Feb 5, 2016

Houses Near Trader Joe’s or Whole Foods Reap Better Property Value Returns

Houses Near Trader Joe’s or Whole Foods Reap Better Property Value Returns The internal debate for people who are shopping for a home is never an easy one, as the location and potential for the property value to rise might outrank the appearance of the brick and mortar edifice. But new research from Zillow has reiterated beliefs that resale value should remain the higher priority. Even first-time home buyers are aware of the importance and value of determining the resale value of a condo or house. After examining 17 years of housing data from 1997 to 2014, Zillow, the Seattle-based real estate website, determined that homeowners realized greater gains when they were in close proximity to Trader Joe’s and Whole Foods, the national grocery store chains. The analysis included ...
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Level Group CEO And President To Be Honored By The Bowery Mission

citybizlist

Feb 5, 2016

Level Group CEO And President To Be Honored By The Bowery Mission

Michael Greenberg and Larry Link To Be Recognized for Service and Raising Donati

Level Group CEO And President To Be Honored By The Bowery Mission Michael Greenberg and Larry Link To Be Recognized for Service and Raising Donations for the Homeless at the Charity’s Annual Valentine Gala Level Group, an innovative, full-service commercial and residential real estate brokerage company that introduced the 100% commission model to New York City, today announced that The Bowery Mission, a well respected organization which has been serving New York’s homeless and hungry for over 136 years, will honor executives Michael Greenberg, CEO and General Counsel, and Larry Link, President, at its 2016 Valentine Gala. Tickets and information on the fundraiser, to be held on Thursday, February 11th at The Plaza, are available at https://www.bowery.org/donate/special-events/2016-valentine-gala/. “As ...
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Around Town: Coffee & Cap, Deal of the Year

Real Estate Weekly

by REW
Feb 4, 2016

Around Town: Coffee & Cap, Deal of the Year

Bowery Mission

Around Town: Coffee & Cap, Deal of the Year Bowery Mission Feb. 11: The Bowery Mission, an organization which has been serving New York’s homeless and hungry for over 136 years, will honor Level Group executives Michael Greenberg, CEO and General Counsel, and Larry Link, President, at its 2016 Valentine Gala. Tickets and information on the fundraiser, to be held at The Plaza, are available at www.bowery.org
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5 Black-Owned Businesses Making a Buzz

The Street

by Laurie Kulikowski
Jan 16, 2016

5 Black-Owned Businesses Making a Buzz

5 Black-Owned Businesses Making a Buzz ByLaurie KulikowskiFollow|01/16/12 - 10:00 AM EST 2 3. Jennefer Witter The Boreland Group, New York City and Washington, D.C. Lesson: Be tenacious. After Jennefer Witter's mother died in late 2000, Witter decided to quit her job as a corporate public relations manager at Ketchum to recharge her life, including a reassessment of her career. At first she considered geriatric care, among other things, but ultimately Witter decided to use her experiences at Ketchum to form a boutique public relations agency, The Boreland Group, in 2003. It is Witter's tenacity that has helped it succeed. "When I was starting my company, I sent about 200 emails to everyone I knew. Out ...
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2016 MARKET FORECAST: IS THIS THE YEAR NEW YORK RETURNS TO SANITY?

Brick Underground

by Virginia K. Smith
Jan 4, 2016

2016 MARKET FORECAST: IS THIS THE YEAR NEW YORK RETURNS TO SANITY?

2016 MARKET FORECAST: IS THIS THE YEAR NEW YORK RETURNS TO SANITY? by Virginia K. Smith | 1/04/16 - 8:59 AM "You can’t have record prices forever." The New York City real estate market is as eternally dramatic as it is expensive, but a funny thing happened on the way to the end of 2015: The monthly deluge of market reports stopped reliably bringing tidings of new, dizzying all-time high price records. Jitters about the international economy combined with good old-fashioned buyer (and renter) price fatigue seem to have finally turned down the stifling heat—at least a bit—in our market. It doesn't, however, mean prices are about to plummet and the city will settle into placid, suburban-style market behavior. ...
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2016 Forecast: Insiders predict boom and bust in varying degrees

Real Estate Weekly

by Christian Brazil Bautista
Jan 1, 2016

2016 Forecast: Insiders predict boom and bust in varying degrees

2016 Forecast: Insiders predict boom and bust in varying degrees BY CHRISTIAN BRAZIL BAUTISTA • JANUARY 1, 2016 CHRISTIAN BRAZIL BAUTISTA 0 LIKES 0 COMMENTS PRINT Depending on who you ask, residential real estate in 2015 was either the apex of a continuous rise — or the start of a downward slide. The headlines were devoted to some of the biggest deals in the city, such as the penthouses in Extell’s One57 tower and the $30 million condos scattered along Park Avenue. However, with it came worries over the supposed thinning ranks of $10 million-and-above condo buyers. There were also external worries from the strength of the US dollar, which experts say makes New York real estate less attractive to foreign buyers, ...
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16 Predictions for New York City's Housing Market in 2016

DNA Info

by Amy Zimmer
Dec 29, 2015

16 Predictions for New York City's Housing Market in 2016

DOWNTOWN Real Estate 16 Predictions for New York City's Housing Market in 2016 By Amy Zimmer | December 29, 2015 6:19pm @the_zim TwitterFacebookEmailMore MANHATTAN — The year 2015 was all about records: new heights forsales prices, rentals … and thenumber of applications to affordable housing lotteries. But the market began to shift late in the year: sales price growth cooled, and landlords offered more concessions amid rising vacancies for rentals. Both are trends some brokers predict will continue. Affordability will also remain a big issue as the de Blasio administration’s controversial zoning rules, intended to spur affordable housing, wind their way through the public approval ...
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Tipping During The Holidays

WOR Radio

by WOR Radio
Dec 21, 2015

Tipping During The Holidays

Level Group Agent, Jeremy Swillinger shares holiday tips on WOR Radio. Listen Here : https://clyp.it/cuxs11kb
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Fed Hike Means Adjustable Rate Mortgages Will Rise and Increase Monthly Payments

The Street

by Ellen Chang
Dec 21, 2015

Fed Hike Means Adjustable Rate Mortgages Will Rise and Increase Monthly Payments

Refinancing Sooner Rather Than Later

Fed Hike Means Adjustable Rate Mortgages Will Rise and Increase Monthly Payments ByEllen ChangFollow|12/18/15 - 08:40 AM EST 1 The first interest rate hike by the Federal Reserve in nearly a decade means consumers can no longer take advantage of a zero interest rate environment. Particularly challenged will be homeowners who have adjustable rates and stand to face higher mortgage payments. Record low mortgage rates are set to be thing of the past as the Fed raised rates by 0.25%, which appears to be a nominal amount initially. Of course, consumers need to consider the cumulative effect of the central bank's decesion to increase rates periodically over a span of two to three years. The consecutive rate hikes will affect homeowners with adjustable ...
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Celeb Chef David Chang’s Food Delivery Company Opening Fourth Kitchen

Commercial Observer

by TERENCE CULLEN
Dec 11, 2015

Celeb Chef David Chang’s Food Delivery Company Opening Fourth Kitchen

Less than a year after launching, celebrity chef David Chang’s food delivery app is already opening its fourth location. Maple, which prepares and delivers top chef-curated meals that can be ordered online, has inked a 4,200-square-foot deal at 196 Stanton Street between Attorney and Ridge Street, a source familiar with the deal told Commercial Observer. The company, which officially started cooking in April, signed a 10-year lease for a commissary kitchen in the retail section of the Lower East Side building. Maple will have 10 ovens at the site, which is part of a 55-unit residential building. Asking rent in the deal was $80 per square foot, the source added. Larry Link of Level Group represented Maple, while Albert Manopla of Kassin Sabbagh Realty represented the landlord. ...
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Selling a Home at the Holidays: 15 Decorating Tips

Parade

by Leah Ingram
Dec 4, 2015

Selling a Home at the Holidays: 15 Decorating Tips

When my husband and I decided to sell our first home, we happened to put it on the market shortly before the holidays. Even though I knew about decluttering and keeping my house “show ready,” I couldn’t wait to pretty the place up with holiday decorations. Until my real estate agent told me I couldn’t. Or at least I couldn’t do it the way I wanted to or had always decorated in the past. Turns out that just like family photos and other heirlooms that are personal to you but distracting for buyers, holiday decorations can make it hard for buyers to “see” themselves living in your home. As a home seller it might be worth your time to make a few decorating adjustments during December—and for good reason: Real estate experts continue ...
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Level Group Welcomes Eight More New Agents

Citybizlist

by Citybizlist
Nov 24, 2015

Level Group Welcomes Eight More New Agents

New Hires Deepen Level Group’s 160-Agent Bench of Manhattan-Savvy Real Estate Ag

New Hires Deepen Level Group’s 160-Agent Bench of Manhattan-Savvy Real Estate Agents Level Group, an innovative, full-service New York City real estate brokerage company that introduced the 100% commission model to New York City, today announced the hiring of eight highly experienced Manhattan real estate agents. “Part of my charter is to add qualified real estate agents who can serve Level Group’s growing residential division and this talented group is a great start,” says Michael Barbolla, Level Group’s COO. “These agents, all steeped in the New York real estate market, will provide outstanding service to their customers and will help us deepen and expand our footprint in New York’s real estate market." About the New Agents Robert ...
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Who’s News: Brown Harris Stevens names senior managing director, Compass appoints VP

Real Estate Weekly

by REW
Nov 24, 2015

Who’s News: Brown Harris Stevens names senior managing director, Compass appoints VP

Brown Harris Stevens of the Hamptons and North Fork announced that broker Robert M. Nelsonhas been named senior managing director. Working with Peter Turino, president and executive managing director Cia Comnas, Nelson will help to oversee operations of all seven offices in the Hamptons and the North Fork and will be directly managing our Southampton, Westhampton Beach and Sag Harbor offices. Nelson has worked in real estate for over 31 years and closed over a thousand properties, including multi-family investments in addition to the premier properties. ••• Citi Habitats welcomed Dennis Colwell as the new senior managing director of their West Village office. Colwell will be responsible for helping agents grow their real estate careers. He will assist them in building/maintaining ...
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Concessions pick up as rental market slows down

The Real Deal

by E.B. Solomont
Nov 1, 2015

Concessions pick up as rental market slows down

With the rental market heading into its slowest seasons, landlord concessions are back. Beyond the standard month of free rent, though, some building owners are trying to entice renters with more upscale offerings: think flat-screen TVs and in-home massage services. And when it comes to new construction, developers are loading buildings with amenities to attract tenants and justify high prices. “It’s not uncommon to have gyms, lounges and kids’ rooms as a baseline,” said Matthew Baron, president of Simon Baron Development, which filed plans to build a 296-unit rental building in Long Island City at the former Paragon Paint Factory. For example, at Assa Properties and the Chetrit Group’s Cassa Hotel and Residences at 515 Ninth Avenue, residents have access ...
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Air rights transfer could pave way for more afford

Town & Village Blog

by Sabina Mollot
Oct 30, 2015

Air rights transfer could pave way for more afford

Blackstone’s $5.3 billion purchase of Stuy Town also bought the firm a jumbo 700,000 square feet of air rights that could wind up being “just the tip of the iceberg” in Mayor Bill de Blasio’s plan to preserve and build affordable housing in the city, according to one expert. News of the air rights in Stuy Town — and new owner Blackstone’s claim over them, along with the 110-building property, was reported in the Wall Street Journal last week. While the value of the air or development rights wasn’t clear since it depends where they’d end up, commercial real estate attorney Michael Greenberg, also founder and CEO of the Level Group brokerage firm, predicted many more similar arrangements in the future as the city looks for creative ways to ...
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Stuy Town air rights deal a key piece of housing p

Real Estate Weekly

by Sabina Mollot
Oct 28, 2015

Stuy Town air rights deal a key piece of housing p

Blackstone’s $5.3 billion purchase of the sprawling Stuy Town apartment complex also bought the firm a jumbo 700,000 s/f of air rights that could wind up being “just the tip of the iceberg” in Mayor Bill de Blasio’s plan to preserve and build affordable housing in the city, according to one expert. News of the air rights in Stuy Town — and new owner Blackstone’s claim over them, along with the 110-building property, was reported in the Wall Street Journal last week. While the value of the air or development rights wasn’t clear since it depends where they’d end up, commercial real estate attorney Michael Greenberg, also founder and CEO of the Level Group brokerage firm, predicted many more similar arrangements in the future as the city looks ...
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Effort to improve transparency in mortgage forms has more pros than cons

Real Estate Weekly

by Holy Dutton
Oct 15, 2015

Effort to improve transparency in mortgage forms has more pros than cons

A new set of rules for mortgage brokers will take effect this month, and while the rules are aimed at transparency between lenders and consumers, some say it may slow down the process. The Truth in Lending Act (TILA) has been around since 1968. It was designed to safeguard consumers by requiring full disclosure of the terms and conditions of finance charges in credit transactions. It has been amended several times over the years, and this month, another rule will take effect. In 2013, the Consumer Financial Protection Bureau (CFPB) integrated the Real Estate Settlement Procedures Act (RESPA) and TILA disclosures and regulations. Now, any transaction involving a mortgage will use new CFPB disclosure forms. The new forms were originally supposed to be implemented in August of this year, ...
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Buyers 'falling' all over each other

The Real Deal

by E.B. Solomont
Oct 1, 2015

Buyers 'falling' all over each other

Inventory spike and bidding wars mark an uptick in post-Labor Day activity

The residential market is back from its summer break, and buyers and sellers who linger too long — or at all — could be left behind. Just how quickly are units going? The average Manhattan pad spent just 73 days on the market during the quarter that ended Sept. 30, according to new data from real estate appraisal firm Miller Samuel. That’s down more than 20 percent from both the prior quarter and the same quarter in 2014. “If a property is priced well, it sells pretty quickly,” said Brown Harris Stevens’ Lisa Lippman. “I am still seeing bidding wars, up to 10 percent over [the] asking price.” Sales picked up after Labor Day. In fact, listings shot up 20 percent as of Sept. 22, compared with the beginning of the month, according to ...
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CFO Squad COO | Tapad promotions | Brooklyn Public Library chief librarian

CRAINS

by Chris Kobiella
Sep 16, 2015

CFO Squad COO | Tapad promotions | Brooklyn Public Library chief librarian

Companies with executive moves this week include Level Group, DDG, Box, Alvarez

CFO Squad: Jay Cardwell, 40, joined the provider of outsourced accounting and financial business services as chief operating officer. He was previously chief financial officer at S2BN Entertainment Corp. Level Group: Michael Barbolla, 55, joined the full-service real estate brokerage as chief operating officer. He was previously chief operating officer at Rutenberg Realty. DDG: Michael Ferry, 40, was promoted to managing director of the real estate investment and development firm. He was previously a senior vice president. Box: Adam Ross, 45, joined the online file-sharing and personal cloud content manager for businesses as managing director of financial services. He was previously vice president of global corporate solutions at Nasdaq. Alvarez & Marsal: Tom O'Brien, 57, ...
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How Consumers Can Buy Houses in a Booming Market

The Street

by Ellen Chang
Sep 10, 2015

How Consumers Can Buy Houses in a Booming Market

NEW YORK (MainStreet) —The housing market has been rebounding and the increased competition is leaving the number of available homes scarce in many cities. Home prices have also risen compared to last year as the number of homes sold rose in all parts of the country except for the Midwest, according to a recent report from PNC, the Pittsburgh-based financial institution. The median sale price for an existing single-family home was $288,300 in July, up from $279,700 in June. “The housing market continues to gradually recover from the Great Recession, supporting economic growth,” Stuart Hoffman, chief economist for PNC. “Stronger demand and good affordability are supporting home sales and pushing up house prices.” Many economists are predicting ...
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Level Group Appoints Michael Barbolla COO

Citybizlist New York

Aug 6, 2015

Level Group Appoints Michael Barbolla COO

Real Estate Veteran Michael Barbolla To Join Firm As Chief Operating Officer

Level Group, an innovative, full-service commercial and residential real estate brokerage company that introduced the 100% commission model to New York City, today announced the appointment of a C-level executive hire as its new chief operating officer (COO). Michael Barbolla, with 30 years of management experience, 12 of it in real estate brokerage, has joined Level Group as its COO. “Level Group is expanding rapidly right now and it is time to bring someone into the COO role,” says Larry Link, Level Group’s president. “Michael is an industry veteran with a wide-ranging set of skills. He’s exactly the right person for the job." Barbolla started his career at the Corcoran Group and was previously the COO of Rutenberg Realty. An active member of the ...
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Top Rutenberg exec Michael Barbolla decamps to Level Group

The Real Deal

by E.B. Solomont
Aug 5, 2015

Top Rutenberg exec Michael Barbolla decamps to Level Group

From left: Michael Barbolla, Michael Greenberg and Larry Link Michael Barbolla, the chief operating officer and backbone of Rutenberg Realty, has jumped to rival firm the Level Group to head up residential sales. His exit marks the third high-profile management departure in the last year at Rutenberg, a company he helped build. Barbolla, who spent nine years at Rutenberg as the firm’s general sales manager and, more recently, as its chief operating officer, was tapped as Level Group’s COO, effective Wednesday. Hiring Barbolla comes as the firm — which like Rutenberg offers its agents 100 percent commission — is experiencing rapid growth. “Things are really busy, which is part of the reason we’re bringing Mike in,” said Michael Greenberg, ...
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5 Must-Haves for Your Apartment Hunting Checklist

Roomi Connect

by Foram Mehta
Jul 23, 2015

5 Must-Haves for Your Apartment Hunting Checklist

5 Must-Haves For Your Apartment Hunting Checklist July 23, 2015Foram MehtaAustin, Baltimore, Boston, Dallas, Houston, Los Angeles, New York City, Philadelphia, Renting, San Antonio, San Diego, San Francisco, Seattle, Washington D 5 Must-Haves for Your Apartment Hunting Checklist If you’re apartment hunting right now, you probably already know that it’s stressful, but you can make it easier on yourself by being fully prepared to snatch up the goods quickly. The goods, in this case, is that dream two-bedroom apartment with exposed brick and wood flooring that you can’t believe is rent-stabilized and still on the market. One thing’s for sure, if it is still available by the time you’re finished reading this, you better be putting ...
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Rent-to-own homes can be a risky option for buyers

MSN Money

by Ellen Chang
Jul 1, 2015

Rent-to-own homes can be a risky option for buyers

Instead of shelling out thousands of dollars to rent a home each month, some landlords give their tenants the option to buy the home while they are leasing it -- using the rent they've paid as a credit toward their mortgage downpayment. But while rent-to-own options appear like a winning proposition for potential homeowners who have not been able to save up enough money for a down payment or lack a good credit score, these deals can be fraught with many setbacks. Each state is governed by different laws, and some of them protect homeowners in case they fall behind on payments, said David Reiss, a law professor at Brooklyn Law School. This is a crucial point that needs to be addressed with a lawyer before the contract is signed, because a consumer could end up “losing everything” ...
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Rent-to-Own Homes Can Be a Risky Option for Buyers

The Street

by Ellen Chang
Jul 1, 2015

Rent-to-Own Homes Can Be a Risky Option for Buyers

NEW YORK (MainStreet) — Instead of shelling out thousands of dollars to rent a home each month, some landlords give their tenants the option to buy the home while they are leasing it -- using the rent they've paid as a credit toward their mortgage downpayment. But while rent-to-own options appear like a winning proposition for potential homeowners who have not been able to save up enough money for a down payment or lack a good credit score, these deals can be fraught with many setbacks. Each state is governed by different laws, and some of them protect homeowners in case they fall behind on payments, said David Reiss, a law professor at Brooklyn Law School. This is a crucial point that needs to be addressed with a lawyer before the contract is signed, because a consumer ...
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Manhattan’s Top Shopping Districts are Getting Too Pricey for Some Chains

National Real Estate Investor

by Jennifer Duell Popovec
Jun 18, 2015

Manhattan’s Top Shopping Districts are Getting Too Pricey for Some Chains

Photo: Eugene Schuldinger Rents in Manhattan’s famous shopping districts are among the priciest in the world—so pricey, in fact, that many retailers and restaurants have been forced to abandon them in favor of less expensive locales. Crate and Barrel, for example, is shuttering its flagship location at 650 Madison Ave., five years before its lease expires. According to numerous reports, the privately-held chain already pays $20 million for the 62,000-sq.-ft. store, which it has occupied for roughly 20 years. The home furnishings retailer will continue to operate its Soho location, according to a statement from the company. Likewise, Toys “R” Us plans to close its iconic Times Square location. The Wayne, N.J.-based company chose ...
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Partners seek those in pursuit of happiness

Real Estate Weekly

by Holly Dutton
Jun 5, 2015

Partners seek those in pursuit of happiness

BROKERS WEEKLY Partners seek those in pursuit of happiness BY HOLLY DUTTON • JUNE 5, 2015 HOLLY DUTTON In a midtown high-rise a block from Grand Central, Larry Link and Michael Greenberg show off their glass-walled offices that face one another’s across a narrow hallway. “We’re literally screaming over at each other every day,” laughed Greenberg. But they’re not angry – it’s just part of their rapport. The two are as complimentary to each other as they are friendly, even gamely climbing through a window to take photographs on the narrow balcony outside their offices. The kindred spirits run Level Group, a growing brokerage firm that does residential and commercial sales and leasing, and credits ...
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Gov. Cuomo versus Mayor de Blasio as 421a expires

Real Estate Weekly

by Christian Brazil Bautista
Jun 3, 2015

Gov. Cuomo versus Mayor de Blasio as 421a expires

FEATURED Gov. Cuomo versus Mayor de Blasio as 421a expires BY CHRISTIAN BRAZIL BAUTISTA • JUNE 3, 2015 By Christian Brazil Bautista Two of the state’s top Democrats are trading jabs over the 421-a tax program, showing cracks in the party agenda over the controversial measure. Governor Andrew Cuomo and Mayor Bill de Blasio, who have described themselves as friends, are publicly criticizing each other, with advocates from real estate groups and unions lining up behind them. Since late last week, their dispute has risen to a higher plateau, with de Blasio, who has often refrained from criticizing the Governor, openly questioning the leadership in Albany. The two men started exchanging harsh words late last week, shortly after they met in ...
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LEVEL GROUP HOSTS 'CO-OP BUYING 101: THE NUMBERS THAT YOU NEED TO KNOW' SEMINAR (NY 1 News)

NY 1 News

May 12, 2015

LEVEL GROUP HOSTS 'CO-OP BUYING 101: THE NUMBERS THAT YOU NEED TO KNOW' SEMINAR (NY 1 News)

WHAT: Level Group, one of New York City's top real estate firms, is hosting "Leveling With You," a series of free workshops at its Spring Street office. "Co-op Buying 101: The Numbers That You Need to Know" will provide attendees with the information they can immediately use in their co-op buying decisions. There will be a question and answer period following the presentation. Level Group broker Sonal Patel will lead the discussion. Light refreshments will be offered. WHEN: Tuesday May 12th, from 6:30PM to 7:30PM WHERE: Level Group, 6 Spring Street (between Bowery and Elizabeth streets) RSVP: RSVP to 6spring@levelgroup.com by Monday, May 11th. *Space is limited.* Level Group - 6 Spring Street , NEW YORK , NY 10012 6:30 PM - 7:30 PM
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LEVEL GROUP HOSTS 'CO-OP BUYING 101: THE NUMBERS THAT YOU NEED TO KNOW' SEMINAR in New York

Eventful

May 12, 2015

LEVEL GROUP HOSTS 'CO-OP BUYING 101: THE NUMBERS THAT YOU NEED TO KNOW' SEMINAR in New York

May 12, 2015 Tuesday 6:30 PM - 7:30 PM Level Group 6 Spring Street New York, New York 10012 Map PERFORMERS: No Performers Listed EVENT DETAILS LEVEL GROUP HOSTS 'CO-OP BUYING 101: THE NUMBERS THAT YOU NEED TO KNOW' SEMINAR WHAT: Level Group, one of New York City's top real estate firms, is hosting "Leveling With You," a series of free workshops at its Spring Street office.“Co-op Buying 101: The Numbers That You Need to Know” will provide attendees with the information they can immediately use in their co-op buying decisions. There will be a question and answer period following the presentation. Level Group broker Sonal Patel will lead the discussion. Light refreshments will ...
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LEVEL GROUP HOSTS 'CO-OP BUYING 101: THE NUMBERS THAT YOU NEED TO KNOW' SEMINAR (WCBS FM 101.1)

WCBS FM 101.1

May 12, 2015

LEVEL GROUP HOSTS 'CO-OP BUYING 101: THE NUMBERS THAT YOU NEED TO KNOW' SEMINAR (WCBS FM 101.1)

Tuesday May 12, 2015 – 6:30 PM - 7:30 PM LEVEL GROUP 6 Spring Street New York, NY 10012 Map WHAT: Level Group, one of New York City's top real estate firms, is hosting "Leveling With You," a series of free workshops at its Spring Street office.“Co-op Buying 101: The Numbers That You Need to Know” will provide attendees with the information they can immediately use in their co-op buying decisions. There will be a question and answer period following the presentation. Level Group broker Sonal Patel will lead the discussion. Light refreshments will be offered. WHEN: Tuesday May 12th, from 6:30PM to 7:30PM WHERE: Level Group, 6 Spring Street (between Bowery and Elizabeth streets) RSVP: ...
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LEVEL GROUP HOSTS 'CO-OP BUYING 101: THE NUMBERS THAT YOU NEED TO KNOW' SEMINAR (CBS NY)

CBS New York

May 12, 2015

LEVEL GROUP HOSTS 'CO-OP BUYING 101: THE NUMBERS THAT YOU NEED TO KNOW' SEMINAR (CBS NY)

Tuesday May 12, 2015 – 6:30 PM - 7:30 PM Level Group 6 Spring Street New York, NY 10012 Map WHAT: Level Group, one of New York City's top real estate firms, is hosting "Leveling With You," a series of free workshops at its Spring Street office.“Co-op Buying 101: The Numbers That You Need to Know” will provide attendees with the information they can immediately use in their co-op buying decisions. There will be a question and answer period following the presentation. Level Group broker Sonal Patel will lead the discussion. Light refreshments will be offered. WHEN: Tuesday May 12th, from 6:30PM to 7:30PM WHERE: Level Group, 6 Spring Street (between Bowery and Elizabeth streets) RSVP: ...
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The Western Front: New Construction and Conversion Projects on the Upper West Side  Read more at htt

New York Observer

by Aisling Brennan
May 6, 2015

The Western Front: New Construction and Conversion Projects on the Upper West Side Read more at htt

The Upper West Side has long been seen as the casually dressed, mature, intellectual cousin of its East Side counterpart. With its wide swaths of historic district and greenery on its eastern and western flanks, it has always been a bit removed from the rest of Manhattan. “It’s a sense of community and neighborhood up there that you don’t really find anywhere else in the city,” summed up Jeremy Swillinger, a broker with The Level Group. “A big motivator to go to the Upper West Side is the convenience, especially for having a family. You’ve got the school system, you have the parks, obviously, and then you’ve got the easy commutes on the red and blue line, and all the retail.” To meet the demand in a neighborhood that’s perennialy been ...
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HAVE YOU HEARD: Town broker wins NCAA pool; Level Group’s Spring Street launch

Real Estate Weekly

Apr 23, 2015

HAVE YOU HEARD: Town broker wins NCAA pool; Level Group’s Spring Street launch

CONGRATULATIONS to Roberto Cabrera, the TOWN broker who won this year’s New York Times N.C.A.A. basketball pool. ROBERT CABRERA According to the newspaper, Cabrera correctly picked Duke to win and Wisconsin as the runner-up. He was also perfect on the rest of the Final Four, and the entire round of 8, including fourth-seeded Louisville meeting seventh-seeded Michigan State in a regional final. That was enough to beat out 17,799 others who submitted completed brackets. The win gets him an Apple watch. Level Group held a launch party for its office at 6 Spring Street in SoHo last week. According to president Larry Link, the party was a reflection of his firm’s intention to play an active role in the community. “We’re a boutique firm and we emphasize ...
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Discussing the History of Residential Co-ops and Condos

The Cooperative Model

by Jonathan Barnes
Apr 13, 2015

Discussing the History of Residential Co-ops and Condos

The idea of cooperative living began in the 19th century in central and northern European countries, and came to America late in that century, sprouting in various forms in parts of New York City. For some residents here, it was a way that building tenants could band together and gain control over their quality of life, such as with the Finnish immigrants who created affordable housing for themselves through numerous buildings in Brooklyn in the first part of the 20th century. Early on, the cooperative notion also had another, more exclusive side. Co-ops were a way for people to say who their neighbors would be, and a means by which they could keep out those they did not like, for whatever reason. Of course, one could also view such a system as just a way for people to live near those of ...
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Level Group Hosts April 16 Launch Party For SoHo/Nolita Office

Citybizlist New York

Apr 8, 2015

Level Group Hosts April 16 Launch Party For SoHo/Nolita Office

Partnership with Bowery Mission Anchors Community Involvement Workshop Series at Location Announced Level Group, an innovative, full-service New York City real estate brokerage company, today announced a launch party for its office at 6 Spring Street in SoHo. The event, open to neighborhood residents and trade, is scheduled for Thursday, April 16, 2015, 5:00 PM to 7:00 PM. The launch party reflects Level Group’s intention to play an active role in the community. “We’re a boutique firm and we emphasize personal relationships in our business dealings,” says Larry Link, president, Level Group. “We are consciously cultivating those kinds of relationships. We’re also ramping up our social responsibility program. Giving back is important to us.” Food ...
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How Mortgage Rate Hikes Could Help or Hurt Your Chances of Buying

DNAinfo New York

by Amy Zimmer
Mar 31, 2015

How Mortgage Rate Hikes Could Help or Hurt Your Chances of Buying

MANHATTAN — Mortgage rates can determine what many house hunters can afford, which is why the specter of looming rate hikes is causing some jitters. Though the Federal Reserve hasn't announced exactly when or by how much rates will rise, Chairwoman Janet Yellin said last week that the jump will likely be at a slower pace than in previous economic recoveries. Because of that, there's no need to panic, brokers said. Still, many are urging buyers who rely on financing — those usually in the market for below $1.5 million — to try to hurry to get into contract while rates are still at historic lows. "The overall rule of thumb is for every 1 percent [of a rate increase], it affects your purchasing power by 12 percent," said Ron Riemer, a mortgage broker ...
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Level Group Adds PR Firm The Boreland Group

Citybizlist New York

Mar 2, 2015

Level Group Adds PR Firm The Boreland Group

Innovative Brokerage Initiates Comprehensive Communications Strategy Level Group (www.levelgroup.com), an innovative, full-service New York City real estate brokerage company, today announced that it has hired The Boreland Group, a boutique public relations agency, to handle the brokerage’s PR strategy and communications. The decision reflects Level Group’s rapid growth and commitment to raising its public profile. Founded in 2004, Level Group has built a significant reputation in the industry over the past decade. “It’s time for a more formal presence,” says Larry Link, Level Group’s President. “We’ve flown under the radar, but now in our eleventh year, we want to take things to the next level. It’s time to let the world know about ...
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Tribeca Developments: What’s New, What’s Next

New York Observer

by Lauren Price
Feb 20, 2015

Tribeca Developments: What’s New, What’s Next

With the long-robust home prices in Tribeca, one would have thought that all of the former factories were turned into condos ages ago. But the still-transitioning bookbinderies and coffee warehouses are a boon to the bankers and foreign buyers angling for a foothold in one of the city’s most desirable neighborhoods. “The word ‘loft’ triggers a buying frenzy in people,” said Julie Park, an agent with The Level Group who specializes in Tribeca. “I don’t know what it is. Everyone in New York wants more space and the word ‘loft’ appeals to people.” Part of the reason for Tribeca’s high prices is its historically short supply of homes to buy. “There’s been a pent-up demand because not a lot of new ...
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6 Ways Real Estate Brokers Know Whether Couples Will Break Up

DNAinfo New York

by Amy Zimmer
Feb 10, 2015

6 Ways Real Estate Brokers Know Whether Couples Will Break Up

MANHATTAN — Two yoga instructors planning to move in together bickered when viewing the $3,500 a month two-bedroom in the East Village real estate agent Eydie Saleh showed them. Saleh knew they wouldn't last. "It was clear they didn't get along," said Saleh, of Mirador Real Estate. "He was kind of condescending the way he talked to her. I could see she was getting more frustrated." Agents are privy to a lot of personal information when they work with house hunters. Besides peering into their financial lives, brokers often are unwitting observers of how couples make big and intimate decisions. Because of that, many feel they've become adept at predicting whether a couple will make it. Saleh's assessment was spot on. The yoga teachers ...
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